Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.3805
S.3805: Paycheck Protection Program Flexibility Act of 2020
About This Bill
- Introduced May 21, 2020
- Latest Major Action May 21, 2020
Bill Sponsor
Bill Cosponsors
8 (4 Democrats, 4 Republicans)
Bill Version
- Introduced in Senate - May 21, 2020
Bill Summary
Paycheck Protection Program Flexibility Act of 2020 This bill modifies provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill establishes a minimum maturity of five years for a paycheck protection loan that has a remaining balance after the application of forgiveness. The bill also extends the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 21, 2020 |
Read twice and referred to the Committee on Finance.
|
| May 21, 2020 |
Introduced in the Senate by Angus King (ID-Maine) |